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Sakura Continues Forex Expansion, Focusing On Customer Base In UK

BANKS

FX Week staff

07 Apr 1997

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Sakura Bank is continuing with its FX and capital markets group expansion plans in London, first set in motion last April when the bank hired former BZW colleagues Dennis Rooke and Richard MacDonald (FXW, April 8, 1996).

FX manager MacDonald says that with the most recent round of appointments, the bank is close to its optimum staffing level.

Initially, the bank's FX operation, including assistants, was manned by an 11-strong team on the trading side in London, although that number has since